The world of Artificial Intelligence (AI) has witnessed significant breakthroughs, with generative AI captivating the public’s imagination. Today, we are thrilled to announce the arrival of Llama 2, the next generation of the open-source large language model, which promises to revolutionize AI development and democratize access to cutting-edge technology. In a strategic partnership between Meta and Microsoft, Llama 2 will be made freely available for both research and commercial use, empowering businesses, researchers, and creators to explore new possibilities and fuel innovation across various domains. At the core of the Llama 2 release lies the belief in an open innovation…
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Exness has announced the extension of its Fintech Scholarships program to Kenya. This initiative, in collaboration with the United States International University (USIU), aims to support outstanding university students pursuing studies in Science, Technology, Engineering, and Mathematics (STEM) fields. The Exness Fintech Scholarships program in Kenya is open to third and fourth-year USIU undergraduates specializing in Data Science, Analytics, and Software Engineering. Additionally, students who have accepted an offer for the MSc in Information Technology course starting in September 2023 are eligible to apply. This scholarship will cover the full amount of tuition fees and living expenses, providing an opportunity…
SemaBOX has announced the launch of WAZO, an innovative podcast distribution platform designed to empower Kenyan and African podcasters by providing a direct source of income through plays and advertising revenue. The platform, which derives its name from the Kiswahili word for “Thought,” will initially be accessible free of charge to all listeners through the Wazo ONE plan starting from July 17, 2023. Monetization for Kenyan content will commence immediately, while the monetization rollout for Ugandan and South African Creators is scheduled for Q3 of 2023. WAZO represents a pioneering initiative in Kenya, introducing a fresh revenue stream for podcasters…
Dutch National Carrier KLM has introduced a new cabin class dubbed Premium Comfort In between the economy class and business class. Targeted at customers who want to enjoy the luxury of flying comfortably, the new cabin is installed on all Boeing 777 and 787 aircraft flying to international destinations. Giving his remarks on the new cabin, Marius van der Ham, Air France-KLM General Manager for East and Southern Africa, Nigeria, and Ghana Marius said the new Premium Comfort Class allows KLM to more closely meet the needs and wishes of leisure and business travellers. “We are thrilled to introduce our new…
LG Electronics, in collaboration with Hotpoint, recently held its first commercial laundry seminar in Mombasa, Kenya. The event aimed to support the growth of smart laundromats in the country and empower entrepreneurs interested in the commercial laundry industry. With the rising demand for professional laundry services due to rapid urbanization, Kenya’s commercial laundry sector has become increasingly attractive to investors. During the seminar, Mr. Dongwon Lee, the Managing Director of LG Electronics EA, highlighted the resilience and consistent growth of the commercial laundry industry. According to data from research firm SkyQuest, the global commercial laundry market is projected to reach…
Binance, the world’s leading blockchain and cryptocurrency infrastructure provider, is delighted to announce the appointment of Eleanor Hughes as its General Counsel. In her new role, Eleanor will lead the company’s legal affairs alongside a team of 85 lawyers. She will also be working closely with the global compliance team to support Binance’s commitment to responsibly growing the industry in close collaboration with regulators and policymakers globally. Binance Founder and CEO Changpeng Zhao (CZ) shared: “Eleanor has been working at Binance for nearly two years now and, during that period, she has quickly grown to be a trusted advisor to…
By Dong Won Lee A sustainable, responsible business continuously embraces sound practices that positively impact its stakeholders and the environment. Promoting social entrepreneurship is one way through which businesses could contribute positively to communities. When communities thrive, businesses prosper, and the world is a much better place. Social entrepreneurship refers to activities by individuals or groups that are geared to solving social and environmental problems using innovative approaches that change lives. They aim to create social value, defined as daily life experiences that bring about desired change in the community, society and nation. Businesses can be powerful drivers of…
Flapmax has announced the launch of the second FAST Accelerator program. This program is designed to support and fund the next generation of innovative companies and entrepreneurs throughout the African continent. Building on the success of the inaugural program, FAST Accelerator 2023 offers a transformative experience for startup founders seeking to scale rapidly and sustainably. More than 800 startups from 25+ countries applied to join the inaugural program. “FAST Accelerator represents our commitment to supporting ambitious entrepreneurs who are driving sustainable innovation across the continent of Africa and emerging markets,” said Dr. Dave Ojika, CEO of Flapmax. “Through this comprehensive…
Huawei Technologies has set its sights on the unfolding future of online connectivity that is characterized by smart homes, smart manufacturing and smart urban transportation with the new 50G Passive Optical Networking technology (50G PON). This, said the firm in a statement, is because the PON, which has been designed for network operators, combines excellent performance in terms of bandwidth and connection quality, cost efficiency, and support for a future technology roadmap. 50G PON, as defined in the International Telecommunications Union (ITU) standard, offers options for broadband access of up to 50 Gbit/s symmetrical bandwidth. With investment into broadband network…
By Christopher Saul, Territory Sales Lead for East Africa at Red Hat The explosion of cloud-based computing in Kenya has forced IT professionals to rethink their infrastructure and software strategies. The country led the rest of the continent in cloud spending in 2022, and while that spending is forecast to decrease this year, benefits such as improved security and customer service, scalability, and business efficiency are driving many enterprises to migrate to the cloud. But migration is not a straightforward process, especially when the infrastructure is becoming more diversified and complex than ever before. Africa is set to transition to…